Guest Post

Bitcoin Gambling Strategy for 2021

No one can argue that in recent years the crypto gambling sphere has expanded at an unprecedented rate. New platforms are continuously appearing on the internet, and big-name brands have no choice but to embrace blockchain technology to capture younger demographics. Thus, the number of online casinos that accept digital coins grows more abundant year-on-year.

These sites offer anonymity, provably fair games, fast payment processing, exclusive Bitcoin bonuses, and everything else that regular platforms provide. So, you get added perks just by playing using your digital funds. You can get a further edge if you implement our tips listed below. Know that you can find the information required by going through credible bitcoin casino reviews.

Such in-depth articles will help you avoid common pitfalls while providing information that can better your chances of profiting on games of chance.

Look for Provably Fair Games With a Low House Edge

Most online casinos that accept cryptocurrencies feature game catalogs similar to regular gaming sites. Meaning the usual mix of online slots, RNG, and live table games. However, platforms that appeal to hard-core crypto fanatics also add proprietary provably fair titles. These are simple games, such as Hi-Lo, dice, or roulette. 

They are exclusively-designed software that lets you check the randomness of each result. What is also specific about these games is that most feature a house edge in the range of 3% to 1%. For comparison, the industry-average slot payback percentage is 96%, or a casino advantage of 4%. If you roll up your sleeves, you can easily find a crypto dice with an edge as low as 1% and enjoy almost 50/50 gambling.

Only Play at Sites With Low KYC 

Since many crypto-gambling sites have a Curacao license, and some have none at all, they feature low or no KYC. What does that mean? Well, Know-Your-Customer procedures are anti-money laundering measures that require players to provide proof of identity, and in some cases, proof of funds as well. 

Thus, the process can take time, and it demands that you relinquish personal information that you may not want to share. Depending on the operator’s license/jurisdiction, the extent of this procedure will vary. It is wise to check its terms before sign-up or read a review to get acquainted with what you need to provide to become eligible for a withdrawal from your casino account. 

Do Not Gamble Using Relatively New Coins

Almost all sites that accept cryptos allow the use of Bitcoin. This coin’s name has become an all-encompassing term for all forms of digital money. Though now there are hundreds of cryptos floating around in the digital sphere, you should still look to use Satoshi Nakamoto’s invention. Lesser established cryptocurrencies will be more susceptible to volatility. 

Novel coins are new assets that have no history, no reputation, and little market stability. They may be a news cycle away from plummeting in value. Thus, stick to playing with Bitcoin, or more famous alt-coins such as Litecoin, Ethereum, Bitcoin Cash, and Tether.

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Guest Author

Crypto Journalist and Editor of guest articles in CoinPedia. Also, Outreach & Partnerships Manager. Contact me: [email protected]

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